ESTRA
9.9.2019 15:32:06 CEST | Business Wire | Press release
Shanghai Aerospace Automobile Electromechanical Co., Ltd. (HT-SAAE) today announced the creation of new global automotive thermal solutions provider ESTRA. The previously distinct brands - ERAE Automotive and SDAAC will now operate as one brand: ESTRA. The result of the acquisition of a majority of shares in Korean firm ERAE’s thermal business unit (ERAE Automotive) by HT-SAAE, ESTRA becomes a global partner in automotive thermal solutions, focused on automotive air conditioning and engine cooling. Its global engineering and manufacturing presence in Asia, Europe and the Americas enables ESTRA to deliver accessible, tailor-made solutions to its customers.
Zhang Jiangong, Board Chairman, HT SAAE and Executive Chairman, ESTRA, commented: “We strive to create a high-quality listed company featuring sustainable development, social responsibility and reasonable returns to shareholders, and the new brand will further enable us to attain this goal.”
ESTRA is recognized by both its customers and the industry, as its many awards have proven along the years. Rengan Krishnakumar, Global CEO of ESTRA, commented: “My leadership and I are fully committed to our vision: Be the most preferred partner for each of our customers – We do this by continuously developing ourselves individually and as one family . This reflects our focus on positive, collaborative connection with our customers as well as a passion to develop all our employees.”
“The new brand ESTRA represents our commitment to focus on long-term relationships with our customers, our employees and our suppliers. Ultimately, it is our goal to become one of the five leaders in automotive thermal solutions globally.”
Just as the company’s state-of-the-art components fit seamlessly into automotive systems to improve passenger comfort, ESTRA’s seasoned team is dedicated to providing a stable, cutting-edge development process for its customers. Our commitment to collaborative development enables our customers to seamlessly realize their vision for the vehicle.
---
About ESTRA
ESTRA is a global player in the automotive thermal industry. The air conditioning and engine cooling systems they produce are designed with experienced engineering teams meeting customer needs. Its global presence spreads on 4 Technical Centers and 14 manufacturing plants in the world. ESTRA was formed by the acquisition of ERAE Automotive by HT-SAAE in 2019.
To learn more about ESTRA, please visit estra-automotive.com/about-us
.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190909005096/en/
Link:
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
ClickHouse Tops $250M ARR and 4,000 Customers, Launches Claude-Powered Agents at Open House 202627.5.2026 15:00:00 CEST | Press release
Annual run-rate revenue more than tripled year-over-year; new CostBench benchmark shows ClickHouse Cloud at 23x better cost-performance than the nearest cloud data warehouse ClickHouse today opened Open House 2026, its second annual user conference, with a set of announcements that mark one of the company's most active quarters since founding. ClickHouse’s serverless cloud offering has crossed over $250 million in annual run-rate revenue — more than triple a year ago — and added more than 1,000 net new customers since January, bringing its total to 4,000. To meet the demands of AI-era workloads, the company also launched ClickHouse Agents, a fully managed agentic analytics service powered by Anthropic's Claude; published CostBench, an open benchmark comparing the major cloud data warehouses on cost-performance; and introduced House Mates, its first formal partner program. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260527
Wasabi and Liverpool FC Renew Multi-year Partnership to Scale Global Fan Growth27.5.2026 15:00:00 CEST | Press release
Wasabi remains official cloud storage partner of Liverpool FC during its worldwide expansion, helping fuel the Club’s global digital content strategy Wasabi Technologies, the hot cloud storage company, today announced a multi-year extension of its partnership with Liverpool Football Club (LFC), deepening its role as the club’s Official Cloud Storage Partner. The renewed deal will see Wasabi help power the next phase of LFC’s global content strategy through Wasabi AiR, the intelligent media storage service, enabling the club to move faster, scale smarter, and deliver more personalised fan experiences that bring supporters across the world closer to the club. Together, the partnership empowers LFC to create, store, find, and publish content faster, helping to deliver rapid match and social output and serve its global fanbase with richer, more dynamic storytelling. Meanwhile, LFC serves as a strategic partner in Wasabi’s worldwide expansion, with brand visibility that grows Wasabi’s partn
Kraken Launches Bitcoin Vault to Make Earning on Bitcoin Easy for Millions of Customers27.5.2026 15:00:00 CEST | Press release
New product within Kraken Earn gives customers a simple way to earn BTC-denominated rewards while holding Bitcoin Kraken is launching Bitcoin Vault, a new product within Kraken Earn designed to help customers put their Bitcoin to work in a simple and trusted way. Built for long-term Bitcoin holders, Bitcoin Vault enables customers to earn BTC-denominated rewards while holding Bitcoin. Bitcoin Vault is powered by Veda, with strategy design and risk curation by Sentora. Their platforms are designed to manage risks and allocate the vaults to well-known onchain protocols like Aave, Morpho, Tydro and more. It is designed to make earning on Bitcoin more accessible, whether someone already holds Bitcoin with conviction or is just starting to build a long-term position. For many investors, Bitcoin is an asset they plan to hold forever and Bitcoin Vault is built around that behavior. Instead of introducing more complexity, Kraken offers a more intuitive path: hold Bitcoin, earn rewards in BTC a
Energy Vault Closes Acquisition of 850 MW Energy Storage Portfolio from BayWa r.e. AG, Establishing Immediate Operational Platform to Capture Growth in Japan27.5.2026 14:30:00 CEST | Press release
Acquisition transfers a premium 850 MW Japanese BESS development portfolio and an experienced local development team from BayWa r.e. AG, one of the world’s leading renewable energy independent power producersPortfolio includes 350 MW of near term, advanced-stage projects expected to reach NTP in 2H 2027, with COD beginning in mid-2028, plus 500 MW of early-stage projects supporting long-term growth and developmentJapanese projects are expected to be designed with three-hour duration, generating higher EBITDA per MW than typical shorter-duration BESS projects in Texas.Transaction brings Energy Vault’s global owned asset portfolio for near term projects underway to 1.1 GW, contributing to $180M+ in expected annual recurring EBITDA as the projects come online Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a global leader in sustainable grid-scale energy storage and AI compute infrastructure solutions, today announced the successful completion of its previously
Visa Expands Commercial Solutions Hub with Integration of Visa Accounts Receivable Manager27.5.2026 14:00:00 CEST | Press release
New integration allows issuers to send virtual card details to suppliers, helping automate virtual card adoption for suppliers at scale Visa Inc. (NYSE: V), a global leader in digital payments, today announced an expansion of the Visa Commercial Solutions Hub (VCS Hub), further strengthening how issuers and suppliers connect to scale virtual card programs. Through a new integration with Visa Accounts Receivable Manager (Visa AR Manager), eligible issuers gain built-in access to end-to-end processing designed to reduce operational friction and accelerate commercial card growth. Virtual cards are among the fastest-growing payment methods in commercial payments yet scaling them remains complex. Issuers often face fragmented supplier connectivity, while suppliers are left with manual reconciliation and inconsistent payment flows. By bringing issuer and supplier networks together, by embedding access to Visa AR Manager in the VCS Hub, Visa is helping to simplify these connections and enable
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom